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Acco Brands Corporation (NYSE: ACCO) is one of the world's largest suppliers of branded office products. With a robust portfolio of industry-leading brands such as AT-A-GLANCE®, Five Star®, Kensington®, Mead®, Swingline®, and many others, Acco Brands generates nearly $1.8 billion in annual revenue and markets its products in over 100 countries. The company operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International, offering a wide range of products including school notebooks, janitorial supplies, whiteboards, storage and organization products, and computer accessories.
Recent achievements include the launch of innovative Kensington docking stations that support the latest USB-C laptops, a multi-year cost savings program projected to save $60 million annually, and the introduction of the PowerA Lumectra RGB technology for Nintendo Switch controllers. Acco Brands is committed to enhancing shareholder value through continuous innovation, strategic cost reductions, and a strong focus on new product development.
Acco Brands is also dedicated to building a winning culture for its employees, providing global career opportunities in a dynamic and results-oriented environment. The company's financial health is reinforced by a significant improvement in operating cash flow and a reduced debt leverage ratio, demonstrating its resilience in overcoming market challenges.
For more information, visit www.accobrands.com or follow the company on their social media platforms.
Kensington, a leader in desktop computing solutions, has launched new accessories designed for Microsoft Surface devices, including Surface Pro 8 and Surface Go 3. These products, developed in collaboration with Microsoft, focus on enhancing security and productivity. Key offerings include Kensington Keyed and Combo Cable Locks for device security, MagPro™ Elite Magnetic Privacy Screen to protect sensitive information, and the SD5750T Thunderbolt 4 Dock to boost connectivity and performance. Kensington emphasizes its commitment to innovative solutions for mobile productivity.
ACCO Brands Corporation (NYSE: ACCO) will present at the Sidoti Fall 2021 Virtual Conference on September 23 at 12:15 p.m. EDT. The presentation will be accessible via the Investor Relations section of www.accobrands.com or through here. ACCO will also hold one-on-one virtual meetings with investors on September 22 and 23. Registration is free and open to all interested parties.
Kensington has launched a new range of NanoSaver® Laptop Locks designed for compact devices featuring the Nano security slot, adopted by manufacturers like HP, Lenovo, and Asus. These locks enhance physical security with robust carbon steel cables and advanced locking technology. The line includes various models catering to different user needs, ensuring compatibility with a wide range of devices. With a recent survey indicating strong interest in hybrid work schedules, Kensington aims to provide effective theft protection solutions for mobile and office environments.
ACCO Brands Corporation has appointed Tom Tedford as President and Chief Operating Officer, effective September 1, 2021. Tedford, previously the Executive Vice President of ACCO Brands North America, will oversee global sales, marketing, and operations. He has a proven track record of managing significant challenges and driving growth in consumer-oriented channels. Additionally, Roxanne Bernstein will join as Executive Vice President and President of ACCO Brands North America on September 7, bringing extensive experience from previous roles in notable companies.
ACCO Brands Corporation (NYSE: ACCO) announced participation in the 12th Annual Midwest IDEAS Investor Conference. The virtual presentation is scheduled for August 25 at 8:00 a.m. EDT and will be available via webcast. The event will be accessible through ACCO's Investor Relations webpage and the conference's website. An archive of the presentation will be maintained for 90 days post-event.
ACCO Brands is recognized globally for its diverse portfolio of branded consumer, academic, and business products sold in over 100 countries.
ACCO Brands Corporation (NYSE: ACCO) has declared a quarterly cash dividend of $0.065 per share, scheduled for payment on September 15, 2021, to stockholders of record by the close of business on August 27, 2021. This dividend reflects the company's commitment to returning value to shareholders. As a leading global organization in branded products for academic and business markets, ACCO continues to expand its presence in over 100 countries with a diverse portfolio of recognized brands.
ACCO Brands Corporation (NYSE: ACCO) reported a strong second quarter, with net sales of $517.8 million, up 41.1% year-over-year, driven by market recovery and the PowerA acquisition. EPS rose to $0.50 from $0.06 in 2020. All segments exhibited sales and profit increases, with significant contributions from PowerA and favorable foreign exchange impacts. Gross margin improved by 170 basis points due to cost savings and lower inventory reserves. For the third quarter, the company expects sales between $515 million and $545 million, with adjusted EPS ranging from $0.30 to $0.35.
LucidSound announces the launch of the LS15X Shock Blue Wireless Gaming Headset designed for Xbox Series X|S, available exclusively at GameStop for $99.99. This headset features advanced wireless technology for reliable connectivity, custom-tuned audio with dual mics, and a lightweight design for maximum comfort during long gaming sessions. It includes intuitive controls for easy in-game audio adjustments. LucidSound focuses on enhancing gamers' experiences with high-quality sound and comfort. The LS15X is tailored to meet the needs of serious gamers.
FIVE STAR has launched its Study App for the 2021 back-to-school season, enhancing students' study experience by transforming handwritten notes into digital flashcards. The app allows users to flag important concepts, scan notes, and study anytime, anywhere. Compatible with iPhone and Android devices, the app can be downloaded from the Apple App Store and Google Play. This new tool aims to complement traditional notetaking and boost academic success for students.
ACCO Brands Corporation (NYSE: ACCO) will release its second quarter 2021 earnings on July 28, 2021, after market close. A conference call and webcast will follow on July 29 at 8:30 a.m. EDT to discuss the results. The webcast will be available on the Investor Relations section of the company's website. ACCO Brands is a leading designer and manufacturer of branded academic, consumer, and business products, selling its items in over 100 countries worldwide.
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